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Jun 1, 2012
06/12
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government resuming its compliants. there could be some weather pay back still in this number, but that doesn't explain the weakness elsewhere. here's the real unemployment rate ticking up 15.8. and that's all discouraged workers. here's some of the economists saying basically, all of the commentary he's saying is bad, awful and terrible. and groult may be no better than the 19 we have in this quarter. combined with the fact that inflation is below target, the june 19th, 20th meeting has increased. they call this number being around a hundred thousand or less. they're now saying we expect to see through it. perhaps look passed. we may record april personal spending. >> sorry, that's a mistake down at the bottom. melissa, bernanke kpmted a pullback from the stronger growth this month. i wonder if he's still seeing that saying you know what, we have a worrisome downward shift here. >> and, steve, we were having a conversation earlier about this number and the possibility of qe3 and the increased talk because of these numb
government resuming its compliants. there could be some weather pay back still in this number, but that doesn't explain the weakness elsewhere. here's the real unemployment rate ticking up 15.8. and that's all discouraged workers. here's some of the economists saying basically, all of the commentary he's saying is bad, awful and terrible. and groult may be no better than the 19 we have in this quarter. combined with the fact that inflation is below target, the june 19th, 20th meeting has...
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May 25, 2012
05/12
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they don't necessarily have as much government debt. it's that the banking sector may need so much help that the government would have to go into a lot of debt if the banks can't do it out in the private markets or raise the money on their own. that's the situation. that's where we are watching bankia. there used to be at least. they are having a tough time going into the private markets. we're going to talk about what is going on in europe because as simon pointed out, this has been an extremely pivotal week. we start a lot with the epicenter of the crisis with greece and explain what happens now, where do you go from here? how do you invest when things are so uncertain? what do you do when a country needs to create a new currency, carl? how do you do that? a lot of things that we'll explore at 1:00. >> greece is the fuse, spain is the bomb. i wonder, given the story in "the times" today about switching their currency for pounds. >> yeah. >> what level is your def-con? >> extremely high. two things happened this week. we have european
they don't necessarily have as much government debt. it's that the banking sector may need so much help that the government would have to go into a lot of debt if the banks can't do it out in the private markets or raise the money on their own. that's the situation. that's where we are watching bankia. there used to be at least. they are having a tough time going into the private markets. we're going to talk about what is going on in europe because as simon pointed out, this has been an...
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Nov 15, 2012
11/12
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maybe you should have -- at the same time the government is a -- the government doesn't come in and say, you know what? we like some energy drinks and not others. we don't like energy drinks, who needs it? it's like war, what is it good for? absolutely nothing. >> let's get to kayla because the house financial services summary has come in with its full report on the mf global. >> the gop members of the house oversight committee and it pretty much pins all the blame on ceo jon corzine. he was the chief trader and he was the one who saddled the company with sovereign debt. but it doesn't limit the risks or the blame here with -- the house going on to recommend that, the sec failed to share critical info about the health of mf global and also the credit rating agencies did not identify the risks or didn't do a good enough job of identifying the risk. they identified that sovereign risk, but it was in footnotes and there was some confusion among investors. so it's being blamed on the regulators. mf global was not forth right about its liquidity position. this is ultimate what brought the br
maybe you should have -- at the same time the government is a -- the government doesn't come in and say, you know what? we like some energy drinks and not others. we don't like energy drinks, who needs it? it's like war, what is it good for? absolutely nothing. >> let's get to kayla because the house financial services summary has come in with its full report on the mf global. >> the gop members of the house oversight committee and it pretty much pins all the blame on ceo jon...
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Mar 30, 2012
03/12
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there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is only worth $7 billion. motorola, which has not had a great run to itself, sold for $12 billion. look, you've got to get aboard, over the hump, and even if you put a 20% premium on where it is today, that's $8.4 billion. that's a very, very digestible church for microsoft, for amazon, say for dell, hp. blackberry has a good name. it's just lost its way in terms of product development. >> yeah. you mentioned microsoft. of course, the journal today talks about the partnership that it has in place. >> yep. >> and in the journal's words, could be waiting for r.i.m.m. stock to get cheaper before it decide
there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is...
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Jun 8, 2012
06/12
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so that you're seeing government lay-offs, reductions in government spending, severe cutbacks in major investments that help the economy grow over the long term. if you're doing all those things at the same time as consumers are pulling back because they're still trying to pay off credit card debt, and there's generally weak demand in the economy as a whole, then you can get on a downward spiral where everybody's pulling back at the same time. that weakens demand and that further crimps the desire of companies to hire more people. and that's the pattern that europe is in danger of getting in to. you know, some countries in europe right now have an unemployment rate of 15%, 20%. if you are engaging in too much austerity too quickly, and that unemployment rate goes up to 20% or 25%, then that actually makes it harder to then pay off your debts. and the markets, by the way, respond in -- when they see this kind of downward spiral happening. they start making a calculation, well, if you're not growing at all, if you're contracting, you may end up having more trouble paying us off so we'll
so that you're seeing government lay-offs, reductions in government spending, severe cutbacks in major investments that help the economy grow over the long term. if you're doing all those things at the same time as consumers are pulling back because they're still trying to pay off credit card debt, and there's generally weak demand in the economy as a whole, then you can get on a downward spiral where everybody's pulling back at the same time. that weakens demand and that further crimps the...
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Mar 13, 2012
03/12
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we have metastatic government, large government, civil servants having higher standards of living from other people, shielded from all the problems of the rest of the population. this is not the way you will have the competitiveness in the future that we had in the past. okay? and you need to do something drastic about it. so long run you want jobs. you want safety. it's like someone doesn't gamble, okay, to feed his family. you don't gamble, all right, to your family because you know losses are going to hurt them more than what benefits you may have gambling. >> right. >> long-term we want jobs, we want stability. we want a vital economy. >> short-term you're willing to live with higher unemployment? >> there's a problem of four years. short-term, spend four years from the money? at some point you've got to do something. >> you mean by addressing the structural problem. >> they're not addressing structural problems. novocaine after novocaine. >> you've watched congress try, right? they've tried to have conversations about fiscal discipline. >> i mean, the whole thing is rotten. number
we have metastatic government, large government, civil servants having higher standards of living from other people, shielded from all the problems of the rest of the population. this is not the way you will have the competitiveness in the future that we had in the past. okay? and you need to do something drastic about it. so long run you want jobs. you want safety. it's like someone doesn't gamble, okay, to feed his family. you don't gamble, all right, to your family because you know losses...
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Mar 2, 2012
03/12
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government from its bailout. but also there are rising tensions between aig and blacksto blackstone, long been an adviser to aig. over the last several months we're understanding there was a giant blocked trade executed before the open this morning. take a look at the shares of blackstone and aig, both down slightly on this news, but this has been talked about for a few months, but we are getting word that aig executed that trade, exiting blackstone this morning. >> all right, thank you very much. we're still awaiting the ceo of yelp to join us at post nine after having put in the first trade of 100 shares of the new york stock exchange, opening on when is undeniably successful stock. $24 and change, higher by almost 60% here. >> holy cow. hey, chief. >> holy cow. speaking of yelp, here we are with jeremy stoppelman, the co-founder and ceo of yelp. how does it feel? >> very exciting. great to be here. big day for the company. >> a very successful ipo, jeremy. at the same time, a lot of people have the question wh
government from its bailout. but also there are rising tensions between aig and blacksto blackstone, long been an adviser to aig. over the last several months we're understanding there was a giant blocked trade executed before the open this morning. take a look at the shares of blackstone and aig, both down slightly on this news, but this has been talked about for a few months, but we are getting word that aig executed that trade, exiting blackstone this morning. >> all right, thank you...
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Feb 28, 2012
02/12
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. >> are you finding that when i've traveled in china, there are a lot of government private partnerships in order to build the hotels. >> yes. in china, in fact, in the whole of asia and middle east, we manage the hotels because we run them all and we have our government entities. a lot of private as well. it's much more alike than it used to be. >> and you're confident with the contract law and everything else that you're dealing with in terms of the agreements that you reach with the owners of those properties? >> great question. yes we are at the moment. people understand branding and the right way of doing business. lucky we haven't had to test it too often. >> and what is your overall thesis in terms of growth given that you have a ground view there. there are foreign business men, i assume, and -- >> they used to be. we're different to most of the competitors. we have 160 open, 150 being built today. and actually more than 75% of our customers are domestic customers. it really is a domestic business and it's so much going on and so much activity. >> the intercontinental barclay --
. >> are you finding that when i've traveled in china, there are a lot of government private partnerships in order to build the hotels. >> yes. in china, in fact, in the whole of asia and middle east, we manage the hotels because we run them all and we have our government entities. a lot of private as well. it's much more alike than it used to be. >> and you're confident with the contract law and everything else that you're dealing with in terms of the agreements that you...
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Dec 19, 2012
12/12
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government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stakes in gm in the next 12 to 15 months. the automaker will buy back 200 million shares from treasury for $27.50 a share. treasury says it plans to sell its other remaining shares through various means in an orderly fashion. timothy masssad will join us later. this could be a buy signal with the government signaling it is in fact out. >> i think people are loo
government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the...
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Sep 13, 2012
09/12
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we don't know what the spending policies of the government are. are they going to sequester? that's in the minds ofs bypeople all across the country. so i think the fed is doing everything they can with the toolbox they've got given the other part of the government, the congress, in particular, is not doing their job. >> all the same. if you've got draghi doing his thing in europe and if there are come promees speculate on the hill why not let this one go and maybe revisit it later in the year? >> i think you saw the job numbers today. you obviously saw it before they came out. he talked about it, as you say, a few weeks ago. think to do it at the next meeting, so right on top of the election. you know, we all know that fed actions do have a delayed effect. the longer they wait, then they even gotten the tale until it actually impacts. i think with unemployment where the chairman's made it clear that he wanted to do something. now, can he deliver everybody? i assume so, but we'll see this afternoon. >> somebody said what's going to be the most fun this afternoon, if, in fact,
we don't know what the spending policies of the government are. are they going to sequester? that's in the minds ofs bypeople all across the country. so i think the fed is doing everything they can with the toolbox they've got given the other part of the government, the congress, in particular, is not doing their job. >> all the same. if you've got draghi doing his thing in europe and if there are come promees speculate on the hill why not let this one go and maybe revisit it later in the...
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Sep 26, 2012
09/12
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the answer is not increased government involvement. it is policies that will create greater job creation and greater manufacturing in the united states and those are the policies we believe that governor romney and ryan are advancing during this campaign and policies they will put in place when they're in the white house. >> there is a poll, 87% of likely voters say the economy will be an important factor in their decision when they vote. obviously not a surprise. when you have confidence up like it was yesterday, you get home prices that are improving. we got decent numbers today. the market today aside has obviously been strong for the quarter. you have gas prices coming down. are there policies, will we be hearing about positions that argue they could have done even better than all of those things doing right now? >> well, look, this recovery is the weakest recovery we have seen in modern history. you still have 23 million americans struggling for work. you have 47 million americans on food stamps. the reality is that the obama camp
the answer is not increased government involvement. it is policies that will create greater job creation and greater manufacturing in the united states and those are the policies we believe that governor romney and ryan are advancing during this campaign and policies they will put in place when they're in the white house. >> there is a poll, 87% of likely voters say the economy will be an important factor in their decision when they vote. obviously not a surprise. when you have confidence...
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Apr 2, 2012
04/12
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of making a mockery of sound corporate governance principle. one fight that's not going away any time soon. it's monday. if you didn't win the lottery, don't worry. jane wells has been hitting the streets talking to people not lucky enough to win the megamillions jackpot. hey, jane. >> here's my broken heart. $5 spent to win 656 million worth. nothing. so like tens of millions of others of people, hundreds of millions, it's just another monday morning. >> we had 22 people in there times $5. that's $110 and we didn't win five cents. >> here at the lenda alegendary boy, they were crying. locals told us how they would have spent their winnings. >> that money goes to everyone that i know. help are other people. >> sell the house, buy an rv and travel. >> i might buy a bigger house. >> buy gas for my car. maybe for the whole neighborhood. >> i would put it in the bank and go away for a month. the mail man wants to come over. i'll start my own mail route. >> i like my own mail route. that's tony who suggested that winners get out of town and take the
of making a mockery of sound corporate governance principle. one fight that's not going away any time soon. it's monday. if you didn't win the lottery, don't worry. jane wells has been hitting the streets talking to people not lucky enough to win the megamillions jackpot. hey, jane. >> here's my broken heart. $5 spent to win 656 million worth. nothing. so like tens of millions of others of people, hundreds of millions, it's just another monday morning. >> we had 22 people in there...
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113
Nov 2, 2012
11/12
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the government one of the few sector that was down. it's certainly better than the alternative, isn't it? >> it's better to have it up, about you we had 211,000 people join the noninstitutional population, which is the number of people that could go into the labor force, and we created 171,000 jobs. so it's not enough, number one. number two, you have still got a labor participation rate that is as low as its been in 30 years. it's at 68.3%. a lot of people are still dropping out of the labor force. they're going into other programs. we've had about 1.2 million jobs created under this president. we've had 1.3 million people go into social security disability. we've had 32 million more people join the food stamps program. we're up around 47 million people now. so the number -- you certainly have talking points if you're on the other side if you're supportive of president obama. there's things you can say out of this, but you can't deny it's up. you can't deny there's -- 9 million people entered the population, the noninstitutional popul
the government one of the few sector that was down. it's certainly better than the alternative, isn't it? >> it's better to have it up, about you we had 211,000 people join the noninstitutional population, which is the number of people that could go into the labor force, and we created 171,000 jobs. so it's not enough, number one. number two, you have still got a labor participation rate that is as low as its been in 30 years. it's at 68.3%. a lot of people are still dropping out of the...
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Mar 5, 2012
03/12
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government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you see... it's the world. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> energy prices are balancing the concerns
government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you...
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May 17, 2012
05/12
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. >> they have a tremendous government business and europe business. >> they do say the fundamentals remain tough. apple at the high end. some signs of pc business may be stabilizing. they say guidance for the coming quarter may be a bit muted. >> michael dell has been muted. he's not out it there promoting. >> so maybe there's a reason for the recent yuunderperformance i the shares. >> gtech has not been anything o write home about here. >> speaking of tech, apple got a lot of comments. daid david einhorn looks apple. didn't necessarily indicate his positions in apple. but then we also had jeff dunlop who is short apple and says people aren't going to line up for iphone 87. >> i don't know that picking stocks is his strong suit, but he did say to short bank of america shares. a great call. that was over a year ago. we'll see. he's been on our show talking about it. some of his reasons are technical. he's always thinking differently about things. i'm sure there are many who would dispute his take on the iphone. >> i want to go back to what was said about einhorn. he did say the multi
. >> they have a tremendous government business and europe business. >> they do say the fundamentals remain tough. apple at the high end. some signs of pc business may be stabilizing. they say guidance for the coming quarter may be a bit muted. >> michael dell has been muted. he's not out it there promoting. >> so maybe there's a reason for the recent yuunderperformance i the shares. >> gtech has not been anything o write home about here. >> speaking of tech,...
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Mar 21, 2012
03/12
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our government is very antagonistic to our banks. over there the fix turned out to be in. these people go to school with each other, their kids go to school with each other. i am saying that europe's culture said we're not going to let these banks fail because we are all part of the same strata. people don't look like that in this country. we don't play that game. >> i will say this when you look at some of the new greek debt that has been sort of reiterated. it is actually trading at a level which implies to some that yet another bailout could be coming in greece. now you've got concern about portuguese banks. do you feel, because i don't, but do you feel that the european banking crisis is officially over? >> as soon as you all it officially over, then you've got egg on your face. but here's what i want to point out. we are a growth country again. i talked last night on -- i almost said "mad men" because they're here today and also because i look like don draper. >> exactly the same, jim. >> we're like siamese twins. what i would point out is, don't you give me that grin
our government is very antagonistic to our banks. over there the fix turned out to be in. these people go to school with each other, their kids go to school with each other. i am saying that europe's culture said we're not going to let these banks fail because we are all part of the same strata. people don't look like that in this country. we don't play that game. >> i will say this when you look at some of the new greek debt that has been sort of reiterated. it is actually trading at a...
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245
May 15, 2012
05/12
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this as group politicians failed to agree on a government. it looks like elections may be likely come june. meantime, mad dash straight ahead. stay tuned for "squawk on the street." street." 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things shift, i'm ready. tdd# 1-800-345-2550 then to track the stocks i have my eye on, tdd# 1-800-345-2550 i turn to schwab's high/low ticker. tdd# 1-800-345-2550 so i can spot a potential breakout tdd# 1-800-345-2550 before it breaks out. tdd# 1-800-345-2550 and get this...i can even trade, tdd# 1-800-345-2550 change my orders or check out my positions tdd#00-3 right on my chart. tdd# 1-800-345-2550 my system
this as group politicians failed to agree on a government. it looks like elections may be likely come june. meantime, mad dash straight ahead. stay tuned for "squawk on the street." street." 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550...
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Feb 9, 2012
02/12
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, and the people who work in government. i get it, and i'm also a frustrated and disappointed with how things are done. three months later, how has mf changed the way you're doing business in the government? >> well, it's been finding some circuitous money trails, carl, as we have talked about before. and, you know, there are possible and some would even say probable illegal activities that have occurred, and in my view, it's really reprehensible, revolting, and, you know, we are tracking down these money trails. job one, get the customers their money back, as much as possible. and we're shooting for 100%. but we're doing everything we can. and number two, is those that had any involvement in this that was illegal, we needed to prosecute them. and on the criminal side, that's the department of justice of course. but i hope we go forward to the fullest extent of the law. and put guys who took people's money away, put them away. >> that's good stuff on the punishment side. but what about the prevention side? i mean, you can't
, and the people who work in government. i get it, and i'm also a frustrated and disappointed with how things are done. three months later, how has mf changed the way you're doing business in the government? >> well, it's been finding some circuitous money trails, carl, as we have talked about before. and, you know, there are possible and some would even say probable illegal activities that have occurred, and in my view, it's really reprehensible, revolting, and, you know, we are tracking...
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Dec 10, 2012
12/12
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, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the country. >> i want you to tell me first of all how you know this? >> well, every ten years the census bureau does a survey of local governments and they count up all the local governments for every state in the whole country, school districts to basic districts, anything with taxes authority -- >> let me start you right there. anything with taxing authority. so, there is a reason for the proliferation of illinois fifedom and that is to get inside people's wallets. so you're talking about raising money. whether it's through municipal bonds like board of e
, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the...
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Mar 14, 2012
03/12
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government for ten years. that surge continues. that's been one bright spot. >> then pull up an intraday of gs if we can look at goldman. wondering what the impact is on the stock after a bruising, brutal op-ed in "the new york times"? greg smithgate as they are calling it. damage, i think, we were down 0.7, now down 0.6. a little more significant. we'll see if we get close to normal levels again. >> we will. wouldn't anticipate an op-ed like that would have much impact on the stock price. it is one withering criticism. fascinating he decided to make a decision to go public like that with a brutal criticism of this firm. much of it, i have been hearing for quite some time from clients, but importantly, those same clients don't seem to leave goldman sachs. >> right. one of the great paritiy parodi today, why i left the empire. darth vader complained killing isn't the same. he is trying to keep the integrity of the empire. >> we just watched episode six the other day in my household, again. it's all coming back to me. >> s&p -- we ar
government for ten years. that surge continues. that's been one bright spot. >> then pull up an intraday of gs if we can look at goldman. wondering what the impact is on the stock after a bruising, brutal op-ed in "the new york times"? greg smithgate as they are calling it. damage, i think, we were down 0.7, now down 0.6. a little more significant. we'll see if we get close to normal levels again. >> we will. wouldn't anticipate an op-ed like that would have much impact on...
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Dec 13, 2012
12/12
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it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to name names. but if you watched that concert last night and you saw the people that were there and you could go to the robin hood foundation organization website, guess what, harry reid? those are the people that give their money away to help people. and i leave it at that. and that's what the fiscal cliff and taxes and charity have to do with the benefit last night. >> i suppose if harry reid or nancy pelosi were here, and they're not here, i wish some of them were, to respond to what you're saying. >> they don't give money to charity. they don't give money to c
it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to...
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Mar 9, 2012
03/12
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who would invest in a 20-year government bond or 30-year government bond? there's no value in that. so, the price is way too high. just as the value of those greek bonds were way too high and that's why they're worthless now and nobody wants them and nobody wants to let them default. you have to liquidate the debt and you got to get rid of the debt if you ever want growth ywñ again. >> it'sals refresh i always ref hear from you, because you give a perspective that not many people bring to the table. and what you bring and what you demand of the other candidates, a lot of people are already writing you off, and i know that you have vowed to stay in the race adsg1i leak06hm for now. but what would be your greatest legacy? what is the issue that you would most like to look back on and say, do you know what, i had an impact on the republican nominee on this issue? >> well, i think the main thing is change the course of where we've been going for, you know, especially the last 40 years, maybe 100 years, and say that freedom is the issue, not big government. and that's what has to happen
who would invest in a 20-year government bond or 30-year government bond? there's no value in that. so, the price is way too high. just as the value of those greek bonds were way too high and that's why they're worthless now and nobody wants them and nobody wants to let them default. you have to liquidate the debt and you got to get rid of the debt if you ever want growth ywñ again. >> it'sals refresh i always ref hear from you, because you give a perspective that not many people bring...
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Nov 21, 2012
11/12
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the budget for the european government. it's only a trillion dollars over seven years, but there's still a lot of arguments about it. at least that's how the rest of europe would see it. >> anyone who reads into the greece meeting is going to ask whether this is a technical disagreement or a broad disagreement that may not be resolved on monday. >> narrative is greece is going to get the money. the imf says we can't lend to a country unless we know that by 2020, it's going to be about 20%. there's about a 25 billion euro gap. you can change your assumptions about greece's growth rate. you can see to greece instead of 30 year, we'll give you 100. therest a lot of ways to get it done. >> if they don't get the money, the world doesn't fall apart, you know, and greece is still bad. not much changes. >> see you in a little bit. thanks, michelle. time for another capital markets op-ed. gary is at post nine with that. >> thanks, carl. viewers should hopefully know that i feel the pain for savers. the artificial move in interest ra
the budget for the european government. it's only a trillion dollars over seven years, but there's still a lot of arguments about it. at least that's how the rest of europe would see it. >> anyone who reads into the greece meeting is going to ask whether this is a technical disagreement or a broad disagreement that may not be resolved on monday. >> narrative is greece is going to get the money. the imf says we can't lend to a country unless we know that by 2020, it's going to be...
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Nov 13, 2012
11/12
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governments are cutting back. john chambers did well getting deep with governments and now that's something that is not flourishing. we never thought that the government wouldn't just keep spending. governments around the world. >> when at&t unveiled the big spending plan, it was juniper shares that went higher. cisco is here. the government business saddled below expectations on the street. a lot of people thought juniper was losing to cisco. >> i questioned whether they fell behind. i hate the group. it continues to disappoint because i think we're waiting for 4g, 5g. even the terrific ceo came on scott mcgregor said 5g is coming. we all wait 5g. >> verizon wireless going to spend a special dividend to parents. we'll see more of this in the next seven weeks. >> absolutely. >> we should point out that it is weak today because of write-downs in spain and other countries. that is weighing on the ftse in the u.k. of course as you point out, 45%, perhaps the greatest single investment. 45% ownership of verizon wirele
governments are cutting back. john chambers did well getting deep with governments and now that's something that is not flourishing. we never thought that the government wouldn't just keep spending. governments around the world. >> when at&t unveiled the big spending plan, it was juniper shares that went higher. cisco is here. the government business saddled below expectations on the street. a lot of people thought juniper was losing to cisco. >> i questioned whether they fell...
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Nov 27, 2012
11/12
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all guaranteed by the government. but why? i'm going to find another item that you might not know set to expire. it's checking accounts for business. we guarantee everything. i think it's time we stop. tune in top of the hour. time t. tune in top of the hour. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you know it can be hard to lbreathe, and how that feels.e, of your own life. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting i
all guaranteed by the government. but why? i'm going to find another item that you might not know set to expire. it's checking accounts for business. we guarantee everything. i think it's time we stop. tune in top of the hour. time t. tune in top of the hour. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the...
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Sep 27, 2012
09/12
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to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you get the protests from the people on the street. i'm actually standing on the exact point just outside where parliament is barricaded. you can see behind me just right at that point where over the last two nights, we've seen police charges, plastic bullets being fired as well, protesters getting violent because they're getting very frustrated about the really tough economic conditions which they don't see anything getting better. but i do want to leave this here on a very positive note. and there is one positive thing going on. and that is exports, and that is c
to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you...
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Feb 29, 2012
02/12
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that's why they lose trust in government. but, you know, this whole idea about prices and debasement of currency, if you loan me $100 and two years from now i gave you 90 back, you'd be pretty upset. but we hand that money back that's worth 10% or 15% or 20% less and the fact that nobody's able to do anything about it is upsetting. but if i don't give you your full $100 back, i'm steal 10g from you. so somebody's stealing wealth and it's very upsetting. in january at one of your press conferences, you said that you sort of poked a little bit of fun at people to downplay the 2% inflation rate. but if you say it's 2% and i say it's 9%, let's compromise and say it's 5%. you said that it doesn't hurt you unless you're one of those people who stick their money in the mattress. but where are you going to put it? are you going to put knit a cd and not make any money at all? this doesn't make any sense. it doesn't encourage savings. it just discourages people. but i do want to make a point about prices because prices go up. that, to
that's why they lose trust in government. but, you know, this whole idea about prices and debasement of currency, if you loan me $100 and two years from now i gave you 90 back, you'd be pretty upset. but we hand that money back that's worth 10% or 15% or 20% less and the fact that nobody's able to do anything about it is upsetting. but if i don't give you your full $100 back, i'm steal 10g from you. so somebody's stealing wealth and it's very upsetting. in january at one of your press...
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Apr 5, 2012
04/12
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first horizon, they're not blaming the government. some of these guys are saying, look, there's not a lot of demand. if we got demand, if people felt more confident, i'm picking the other side of the dimon trade because i think, wow, the dimon has lost a little luster here. i'm going with that. >> but does that reflect on your view of jpmorgan's stock? just because the man -- oh, by the way, jim, mr. stick it to the man says jamie dimon is a whiner, does that reflect on your view of jpmorgan stock? >> like travel trust owns it? i think it's a terrific engine of growth. he has a lot of things. i guess what i wanted to hear from this was we are going to profit faster and better from the government regulations than anybody else. we've mastered them. we're terrific. we understand what has to be done. instead it's like, hey, wow. i have all these regulations. i feel really horrible about it. >> it's costing the banks $3 billion. >> we believe earnings should be $23 billion, $24 billion. the main difference between what we're earning and sh
first horizon, they're not blaming the government. some of these guys are saying, look, there's not a lot of demand. if we got demand, if people felt more confident, i'm picking the other side of the dimon trade because i think, wow, the dimon has lost a little luster here. i'm going with that. >> but does that reflect on your view of jpmorgan's stock? just because the man -- oh, by the way, jim, mr. stick it to the man says jamie dimon is a whiner, does that reflect on your view of...
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Oct 3, 2012
10/12
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the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too pessimistic. we're in the middle zone. 162,000, it might be better than they were expecting. currently on jobses we've averaged a smidgen for the third quarter. i guess in the end the numbers give me confidence because it is a bigger part of the economy. but none of this is to write home about on the recession side. >> my perspective is i'm afraid we're falling off a cliff. the ism numbers don't tell us that. it shows that we're in a modest area and recession is not around the corner. but let's say your test is putting millions back to wo
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too...
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Mar 16, 2012
03/12
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do you want the government picking winners and losers? >> i do favor subsidy that would be paid back. it's clean energy fuels that came on my show. that's andrew littlefair, my show, "mad money." and said exxon's not in favor of this. exxon paid the top dollar for xto. we talk about countrywide being a bad deal. when you pay $9 for nat gas and we're seeing these prices, obviously i think you should be using it for more than just utilities. but not exxon. they don't think that. >> yeah. >> let's watch that story. >> yeah. we're going to keep an eye on that. >>> all right. ups reiterating its plan to make an offer for tnt express. the transport saying it intends to file for approval of its bid documents to dutch market regulator afm by may 11th. tnt previously rebuffed ups's earlier offer. i'm not up on my dutch -- >> ups, people like -- remember, yesterday, fedex was up. ups. mentioned transports. they had a break out. a lot of people were shorting the market because they felt that transports not going to break out. yesterday i think was a
do you want the government picking winners and losers? >> i do favor subsidy that would be paid back. it's clean energy fuels that came on my show. that's andrew littlefair, my show, "mad money." and said exxon's not in favor of this. exxon paid the top dollar for xto. we talk about countrywide being a bad deal. when you pay $9 for nat gas and we're seeing these prices, obviously i think you should be using it for more than just utilities. but not exxon. they don't think that....
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Apr 3, 2012
04/12
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government spending, i don't want to fall back on, sit just a romney elect piece? >> sure. do you think the threat of whatever may or may not happen to taxes at year end is an anchor around the market seals? >> stock market or economy? >> stock market. >> the stock market is up 60%. since the president took office, he claims no credit because i think the swing voters don't own stocks. >> you see hesitancy by corporate america as we head toward the election itself, wondering which way it will go. i hear that, that it will become more of a factor, that dreaded uncertainty that we hope to all get by but still hear all too often. >> oil and gas, if you really are believing that the next step could be getting rid of these big tax breaks for oil and gas, you might just say, this is an interesting i'm worried about. >> do they need tax breaks, oil and gas? >> it's controversial. maybe they wouldn't be wildcatting as much as they are, although the president is saying, listen, they're making so much money. it's obviously an issue. everyone pays money at the pump. they figure someone
government spending, i don't want to fall back on, sit just a romney elect piece? >> sure. do you think the threat of whatever may or may not happen to taxes at year end is an anchor around the market seals? >> stock market or economy? >> stock market. >> the stock market is up 60%. since the president took office, he claims no credit because i think the swing voters don't own stocks. >> you see hesitancy by corporate america as we head toward the election itself,...
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Nov 8, 2012
11/12
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. >> and they can put in a new government and does matter. >> some of the targets. they went to double per capita income within the next eight years. talk about aiming high. >> i thought that was amazing. it's a command economy. maybe they can pull it off. if they do it, they can take the whole world with them up, up. >> the governor hinting perhaps the data to be released tonight, tomorrow in china, will be better than expected. hinting at continuing slow growth. slow but it is growth and that's the important thing coming to china. we're getting notes and recognize there's certain china stocks. truck engines. we are seeing that last month was good. now, that's very contrary to what a lot of other retail and people saying retail commentary, distorted by the weather. but this china trade is gaining momentum, not losing momentum. at the same time that i feel that united states is losing momentum. >> interesting comments out of the boe. we knew that central banks doing nothing and governors now saying, qe which they have been pouring on for a long time, going to flatte
. >> and they can put in a new government and does matter. >> some of the targets. they went to double per capita income within the next eight years. talk about aiming high. >> i thought that was amazing. it's a command economy. maybe they can pull it off. if they do it, they can take the whole world with them up, up. >> the governor hinting perhaps the data to be released tonight, tomorrow in china, will be better than expected. hinting at continuing slow growth. slow...
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Feb 16, 2012
02/12
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except in the government sector. but big influence on the financial sector is what happens in europe. you know, without financing, this economy has proven like every other economy to be hurting. europe right now is really the question mark for the financial industry. >> there are a number of banks, of course, looking to shed assets. that is european banks, david. many of them are selling things over here. does that create opportunities for you or are you looking at all this from afar as well? >> no. certainly opportunities for third avenue and potentially for distressed opportunities down the road. but we're very conscious of the price that's paid for investments. just being available to purchase in the market doesn't necessarily make it attractive. the opportunity really comes when the pricing sets to a point where we think we can make a reasonable return on that investment. so we're watching carefully right now. i think jim's comment about the european effect will be more relevant to what's happening domestically.
except in the government sector. but big influence on the financial sector is what happens in europe. you know, without financing, this economy has proven like every other economy to be hurting. europe right now is really the question mark for the financial industry. >> there are a number of banks, of course, looking to shed assets. that is european banks, david. many of them are selling things over here. does that create opportunities for you or are you looking at all this from afar as...
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Aug 15, 2012
08/12
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when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ . >>> welcome back to "squawk on the street." we have breaking news from the national home builders association. the index for august rose two points that beat estimates of a small drop preponderate the national association sentiment now stands at 3750 and is the line between negative and positive. of the index components, buyer traffic rose three points. sales expectations rose one point, but a at their highest levels in five years. confidence rose the most in the midwest. it was down nine points in the mideast. and weekly mortgage applicationings fell. >>> thank you, let's get the road map for the next tower. target beating expectations and abercrombie beating expectations. we'll tell you how to play the sector. >> samsung is geared up for an unveil today, but it
when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ . >>> welcome back to "squawk on the street." we have breaking news from the national home builders association. the index for august rose two points...
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Jan 27, 2012
01/12
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government hasn't expended the tax credit. we can't put that in until the government acts on it. stronger performance and higher tax jurisdictions and that's just the way it falls. >> that's the way it is. let me ask you about the euro zone. that's been topic a in davos. how tough is it there? >> you listen to the politicians who are optimists and believe they can make it work. you listen to economists who aren't so sure. they are more pessimistic. when you add it up, it feels like it's going sideways. we have sectors doing quite well like agriculture and other places that are hesitating. i happen to be an optimist. i think it will work out, but will take a while. it will not be a quick solution. >> that's what we were talking about this week because we were waiting on greece. if we see a greece default, does that impact your business? do you worry about what the happenings? >> anything that impacts confidence impacts our business. people vote that way. consumption goes that way. how people respond to buying automobiles and things like that are very much their confidence about th
government hasn't expended the tax credit. we can't put that in until the government acts on it. stronger performance and higher tax jurisdictions and that's just the way it falls. >> that's the way it is. let me ask you about the euro zone. that's been topic a in davos. how tough is it there? >> you listen to the politicians who are optimists and believe they can make it work. you listen to economists who aren't so sure. they are more pessimistic. when you add it up, it feels like...
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Mar 7, 2012
03/12
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>> over in the green room right now. >> i'll tell you, the government could print dollars, the government could print ten years, two years, five years, but the government can't print corn, wheat, and soybeans. the markets are a little more volatile. >> they are more volatile. they haven't been following along with the currency. but with the dollar move down late today, you're starting to see grains move a bit. >> here's a question for you. you know, if we had back-to-back 500,000 jobs numbers and we saw the labor force participation rate move up so it was really the real deal, how much action all of a sudden do you think could spring up in fed funds? >> well, the way things are going right now, i don't think anything's going to happen. it's still out into the 13s where they have maybe a 25-basis point hike coming in. but for the most part, that market's dead right now. nobody has any inclination that bernanke's going to do -- >> i'm going to take my life in my hands and disagree with the wolf man here. it sounds to me like you are hanging in the camp that the fed is truly going to keep ra
>> over in the green room right now. >> i'll tell you, the government could print dollars, the government could print ten years, two years, five years, but the government can't print corn, wheat, and soybeans. the markets are a little more volatile. >> they are more volatile. they haven't been following along with the currency. but with the dollar move down late today, you're starting to see grains move a bit. >> here's a question for you. you know, if we had...
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May 1, 2012
05/12
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>> well, i was thinking that if all the talk about good corporate governance over the last decade were actually true, that american business would be a pretty boring place. it's terrible. the way this has been structured, not only was it clear leading up to this that aubrey mcclendon was broke, he had the margin callback in 2008, he had to sell his map collection to the company. so, how could the board not have asked, well, how is he getting the money to finance his participation in these well deals? and they clearly never asked the question. >> how contentious was this last board meeting? >> i heard it was extremely contentious. you know, one of the fascinating things about the board is that, basically, one-third of the board are former politicians, and that means that they're concerned about their image, right? so, as soon as this started to be all over the papers, you know, everybody's in a race to protect their own image. >> all right. do you think aubrey's in -- is he threatened? is his tenure threatened in any way? >> well, we'll see what happens after this. you know, there is de
>> well, i was thinking that if all the talk about good corporate governance over the last decade were actually true, that american business would be a pretty boring place. it's terrible. the way this has been structured, not only was it clear leading up to this that aubrey mcclendon was broke, he had the margin callback in 2008, he had to sell his map collection to the company. so, how could the board not have asked, well, how is he getting the money to finance his participation in these...
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Aug 3, 2012
08/12
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they were built by people, not by government. and so the time has come for a plan that will actually get america's workers back to work. that will create more jobs and more take-home pay. and i know how to do that. this is not a mystery for me. this is not -- this is not theory. this is practice. and i've got five things i'm going to do, five things i'm going to do, in my plan to help get the middle class working again with more jobs and more take-home pa
they were built by people, not by government. and so the time has come for a plan that will actually get america's workers back to work. that will create more jobs and more take-home pay. and i know how to do that. this is not a mystery for me. this is not -- this is not theory. this is practice. and i've got five things i'm going to do, five things i'm going to do, in my plan to help get the middle class working again with more jobs and more take-home pa
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Jun 15, 2012
06/12
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that's sufficient under the law to win a conviction for the government. here, of course, they had far more evidence, not only of friendship but deep financial relationships between the two parties. so that really was not much of a hurdle, in my view, for the prosecutor in this case. >> bertha? >> indeed, carl. that is one of the issues yesterday when they asked about conspiracy, the judge said that it didn't -- the conspiracy didn't need to work. the overt act didn't need to be successful, necessarily, for their to be a conspiracy. when they asked for clarification. that is, indeed, one of the charges on which they have found mr. gupta guilty along with three of the securities fraud charges. an interesting thing about this case, i was talking to a reporter with the indian media. there is tremendous interest in this case in india. you have to remember mr. gupta came to this country, had been orphaned as a young boy. he worked his way up, got an education, worked his way up to the top of the ranks at mckenzie. after that he was very much a corporate shaman
that's sufficient under the law to win a conviction for the government. here, of course, they had far more evidence, not only of friendship but deep financial relationships between the two parties. so that really was not much of a hurdle, in my view, for the prosecutor in this case. >> bertha? >> indeed, carl. that is one of the issues yesterday when they asked about conspiracy, the judge said that it didn't -- the conspiracy didn't need to work. the overt act didn't need to be...
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467
Feb 3, 2012
02/12
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the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david faber i would have told you that and we were working on the story for a long time. >> we asked dr. krueger about that or i did because there are people who are trying to point to that as a sign of potential weakness. it's important people understand that. so that change took place december to january i guess. >> right. january they put the new census numbers into the population estimates and that's what they come up with. >> i am curious, your thoughts on the ten-year which is not even at 2%. we heard from bernanke yesterday. if we had
the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david...
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Jul 18, 2012
07/12
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you couldn't have big government. if you love big government, love the fed. they finance the wars and the welfare and it doesn't work and ends up in a crisis. it's solvency crisis and can't be solved printing a lot of money so i think the very first step is transparency and for us to know. we have a right to know. you may be correct in your assumption or at least i'm sure you believe this. but maybe i should be talking to the congress. that we should stand up and say, yes, we demand to know. trillions and trillions of dollars being printed out of thin air and bailing out the friends. they stand ready to do it. the crisis is as far as i'm concerned my opinion is it's an early stages. it's far from over. we're in deep doldrums and we never changed policy. we never challenge anything. we just keep doing the same thing. congress keeps spending the money. welfare expends exponentially. wars never end and deficits don't matter. and when it comes to cutting spending, republicans and democrats get together and say, oh no, we can't really cut and if we do cut we cut p
you couldn't have big government. if you love big government, love the fed. they finance the wars and the welfare and it doesn't work and ends up in a crisis. it's solvency crisis and can't be solved printing a lot of money so i think the very first step is transparency and for us to know. we have a right to know. you may be correct in your assumption or at least i'm sure you believe this. but maybe i should be talking to the congress. that we should stand up and say, yes, we demand to know....
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May 31, 2012
05/12
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biz investment up sharply, government another tick down 3.9%. inventories going lower. that may be a good sign, not so much inventory buildup. i'll be back at 10:30 with economists reaction to the data and how forecast for that super bowl of data, the payrolls may be changing. melissa. >> thank you very much. steve liesman, see you later. check in with rick santelli in chicago. rick. >> the nice thing about government data is there's a lot of different rabbit holes we can go down. my sources, friends, have been sending me one of the best. this is u.s. corporate profits. they were down over 4% in this gdp report. that's the worst showing since the credit crisis in '08. look at a 20-year chart. this is not good. it's one of these subindexes many people pay attention to. i think the graphics do it justice. that number wasn't very good. of course we see how the markets responded. small moves at hugely important historical spots with regard to fixed income. look at a 24-hour chart, ten-year note rates. yes, we did, eastern blip under 160. and the boone leading charge on hist
biz investment up sharply, government another tick down 3.9%. inventories going lower. that may be a good sign, not so much inventory buildup. i'll be back at 10:30 with economists reaction to the data and how forecast for that super bowl of data, the payrolls may be changing. melissa. >> thank you very much. steve liesman, see you later. check in with rick santelli in chicago. rick. >> the nice thing about government data is there's a lot of different rabbit holes we can go down....
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Dec 14, 2012
12/12
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>> look, there was a dichotomy in that government. there were people who were concerned about inflation. and there were people who said, listen, we're not growing fast enough. they do have a lot of levers. if they want to grow, i still -- i've been a bull on china. if they want to do 9%, 10%, they have the ability to do it. all they have to do is have a gigantic sewer infrastructure program. >> that's true. there's going to be an economic war conference held soon. it's believed the government will start to release growth forecast at that conference and perhaps unveil some further stimulus measures or tip their hat in terms of whether they are considering that at that moment. the key thing about the rally is not the big percentage decline, but the trading volume was extremely heavy. it had been extremely light over the past weeks. the trading volumes were more than double 30 day moving average in china. it was on top of a gain last week of 4.1%. >> that's the best week in a year. >> exactly. they're wondering at this point, is there a
>> look, there was a dichotomy in that government. there were people who were concerned about inflation. and there were people who said, listen, we're not growing fast enough. they do have a lot of levers. if they want to grow, i still -- i've been a bull on china. if they want to do 9%, 10%, they have the ability to do it. all they have to do is have a gigantic sewer infrastructure program. >> that's true. there's going to be an economic war conference held soon. it's believed the...
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Jun 6, 2012
06/12
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it's now up to governments and the banks. and in this country, votes in san diego, san jose and wisconsin say the people want some reforms. so maybe the tougher medicine is not bad medicine, but it is still refleblgted in some markt volatility. >> all right. thank you, mr. santelli. >> now time for a quick report on chess peek. jim mentioned it earlier and, in fact, can confirm a little bird story from yesterday about which he is bechesapeake being close selling a $4 billion stake in a pipeline. very comply kalted series of transactions that could culminate with what i am told perhaps a success of 4 billion tla for chesapeake. and, again, the sale would cut down on capital expenditures. and, in fact, that would both raise money and decrease expenditures. so embraced is a positive. now, if you read a 13-b from investor carl individual investor icahn, he was asking the company to move ahead. but that had been in effect long before mr. icahn came on the sooenl. southeastern management is getting an additional three in addition t
it's now up to governments and the banks. and in this country, votes in san diego, san jose and wisconsin say the people want some reforms. so maybe the tougher medicine is not bad medicine, but it is still refleblgted in some markt volatility. >> all right. thank you, mr. santelli. >> now time for a quick report on chess peek. jim mentioned it earlier and, in fact, can confirm a little bird story from yesterday about which he is bechesapeake being close selling a $4 billion stake...
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Apr 4, 2012
04/12
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bankrupting a lot of government. she's had her own battles down there no south carolina. >> is your eye turning to deep stakes? >> the ryans, the mitch daniels, the marco rubios, who helps the gop on the hispanic gap, who helps him on the female gender gap. who helps him as a president in waiting. governor mcdonald of virginia. oh, i love it the deep stakes. give us something to talk about until the next set of primaries which isn't for a couple of weeks. >> we've got to have something. >> as mccain did this morning. larry can't wait for tonight. >> thank you, appreciate it. >> of course you can catch the kudlow report 7:00 p.m. eastern time right here on cnbc. when we come back art cashin will join us, help make some sense of the poms back here with the dow down 148. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing das
bankrupting a lot of government. she's had her own battles down there no south carolina. >> is your eye turning to deep stakes? >> the ryans, the mitch daniels, the marco rubios, who helps the gop on the hispanic gap, who helps him on the female gender gap. who helps him as a president in waiting. governor mcdonald of virginia. oh, i love it the deep stakes. give us something to talk about until the next set of primaries which isn't for a couple of weeks. >> we've got to have...
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Oct 19, 2012
10/12
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did he have less legitimacy with government officials? >> not at all. first of all i didn't deal much with pandit, i met him a couple of times. citi group was very fortunate in dealing with treasury and our office most of it was done by one of the vice presidents at citi and lou caden had a keen political ear and instinct how to deal with treasury. we had no difficulty with citigroup at all. >> an interesting time in banking in this country. appreciate your fwidance. see you soon. >> any time. >>> markets continue to decline. dow is down 133. the big weakness on the dow continues to be names that reportedly are mcdonald's, microsoft and ge and now aig joining the ranks of companies that are down almost 4% in their case. when we come back it's been 25 years since the stock market crash known as black monday. we'll talk to the man who helped make sure all those trades at the cme actually got leader that day, the former chairman of the cme, jack sander. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you ap
did he have less legitimacy with government officials? >> not at all. first of all i didn't deal much with pandit, i met him a couple of times. citi group was very fortunate in dealing with treasury and our office most of it was done by one of the vice presidents at citi and lou caden had a keen political ear and instinct how to deal with treasury. we had no difficulty with citigroup at all. >> an interesting time in banking in this country. appreciate your fwidance. see you soon....
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Nov 5, 2012
11/12
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that's why the 2010 midterms were a large factor in change with respect to the government. i don't think tomorrow will be any less large in terms of results. i do think people want to be proactive when the current of the country doesn't match the direction they want to country to go. in the end, who is the boss really is the people that are casting votes behind curtains, starting tomorrow, going into the evening. we have heard about flip-flopping. compromise. remember, everything changes after tomorrow. here you have the world of compromise. here you have flip-flopping. what are the definitions? compromise, everybody gets together. give and take. flip-flopping is similar. a change in attitude or direction. here is where they intersect. everything will change upon that intersection. we'll talk to governor engler about the same dynamic. in the end whatever you believe in, we realize the country needs compromise of the highest order. >> break out the venn die grachlt when we come back, the ipad mini has a week of sales under their belt. is it a success? the stock has been trou
that's why the 2010 midterms were a large factor in change with respect to the government. i don't think tomorrow will be any less large in terms of results. i do think people want to be proactive when the current of the country doesn't match the direction they want to country to go. in the end, who is the boss really is the people that are casting votes behind curtains, starting tomorrow, going into the evening. we have heard about flip-flopping. compromise. remember, everything changes after...
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Jan 31, 2012
01/12
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stick around, and we are back after a short break. >>> 40 elections in 2012 around the world and governments will do their best to make it through the elections and maybe in 2013 you should be panicked. >> you are going into a forced profile that i don't want to be in. >> it is made clear that at times we are trying to force the people to make movements, but we can't control how that happens. >> facebook is continuing to dominate the display ad market, and a all of that from the profiles narrows the targeting -- >> cnbc, capitalize on it. tspark card from capital one... spark cash gives me the most rewards of any small business credit card. it's hard for my crew to keep up with 2% cash back on every purchase, every day. 2% cash back. that's setting the bar pretty high. thanks to spark, owning my own business has never been more rewarding. [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? this guy's amazing. [ male announcer ] ylord of the carry
stick around, and we are back after a short break. >>> 40 elections in 2012 around the world and governments will do their best to make it through the elections and maybe in 2013 you should be panicked. >> you are going into a forced profile that i don't want to be in. >> it is made clear that at times we are trying to force the people to make movements, but we can't control how that happens. >> facebook is continuing to dominate the display ad market, and a all of...
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Apr 27, 2012
04/12
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we're spending less in terms of government spending, not in terms of government spending and personal consumption was actual le pretty good. that is why we're seeing copper prices at the top end of the range chlgt we're seeing a rally across the board in the metals market. and in thornilys of oil prices, it's pretty much in a cover from the loss overnight. and now we're looking at prices that are above that market. and when you look at the volatility index, that's what a lot of traders are looking at to see where oil prices are headed. that tells traders to stay in this 100105 range for some time. >> all right, thanks very much, sharon. >> i'm going to take a look at fund flows. we've got some numbers this morning from j.p. morgan. and it is an interesting part of the market dynamic to note that money continues to flow out of oblong with wequities and into funds. that is where the money. continues to go. it's important for us to mention that with the ten-year, let's call it 2%, 193, your risk in these bond funds is -- and i say ever because should there be a snap back in rates. >> i w
we're spending less in terms of government spending, not in terms of government spending and personal consumption was actual le pretty good. that is why we're seeing copper prices at the top end of the range chlgt we're seeing a rally across the board in the metals market. and in thornilys of oil prices, it's pretty much in a cover from the loss overnight. and now we're looking at prices that are above that market. and when you look at the volatility index, that's what a lot of traders are...
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Sep 20, 2012
09/12
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today the federal government if you like of spain meeting with them for more concessions towards their independence, their ability to set tax rates even as they attempt to bail them out. there's splintering you see across europe into almost a tribalism at times. it continues through the economic crisis. i should mention on the irish yields today that actually -- and ireland has its problems still as it attempts to come back to the market. we did fall below 5%. we ticked higher over there on the 10-year overall. still those yields moving in the right direction. >> very nice. simon, thanks a lot for everything this hour. >>> want to bring in mary thompson on the floor of the nyse. dow is negative, mary. consumer index doing pretty well today. >> very well, carl. i wnt out is a number of things simon pointed out are weighing on the markets as well. concerns about weakness in china, weakness in europe as well keeping pressure on stocks. we should note the dow, s&p and nasdaq are off its lows of the day. the dow in particular helped by the strength we're seeing in the consumer sector today.
today the federal government if you like of spain meeting with them for more concessions towards their independence, their ability to set tax rates even as they attempt to bail them out. there's splintering you see across europe into almost a tribalism at times. it continues through the economic crisis. i should mention on the irish yields today that actually -- and ireland has its problems still as it attempts to come back to the market. we did fall below 5%. we ticked higher over there on the...